Budget Measures for MITs: Build-to-Rent and Clean Buildings

New measures in the 2023-24 Budget make build-to-rent projects more tax effective for MITs, and extend the ‘clean building MIT’ concessions to more kinds of green buildings. Build to Rent: MIT concessional tax treatment The Federal Government has announced changes to the withholding tax rate on income from new build-to-rent investments held by managed investment […]

ASIC Updates its Guidance on Reportable Situations and Prescribed Form

Without a doubt, one of the most critical obligations of an Australian Financial Services (AFS) or credit licensee (and understandably applied inconsistently by the industry1) is the obligation to notify ASIC of reportable situations or as many in the industry still call it—”breach reporting”. In a media release dated 27 April 2023, the Australian Securities […]